in case of failure to issue the report they could miss the investment and flow of equity.
To keep the employees on track:
CSR can also be used to keep the employees on track that what is the target for CSR and what policies and rules have been made to follow for the betterment of the society and for their welfare as well.
To Show the commitment of the company:
Many companies also stated that the motivation for them to issue CSR report is to assure the public about the commitment and seriousness they have for the business. These companies also think that besides generating profit, the core reason of the business should be betterment of the community.
In response to UK Government regulation:
One of the company noted that FTSE 250 companies were asked for the report on their activities related society and environment from UK Government and they started issuing CSR report in response of this. The pressure from other sources also forced them to take this step and they had not any other option to do.
To give importance to non-financial issues:
Stakeholders have many concerns other than financial from the companies so four companies started issuing CSR report to tell to their Stakeholders that they are taking many actions for the social and environmental betterment. Stake holders are also interesting in what company is doing for society, what policies they have adopted and what are their future plans to spread it.
For tender purposes and Government requirements:
There is a increase in the requirements of the Government and other organisations tender and many companies stated that they publicised CSR report to get the tender. They also have to fill many questionnaires needed for the satisfaction of the Government that they are giving contract to socially responsible company.
Other Reasons for the Companies:
Some companies didn't tell the exact reason of reporting the CSR. They have mixed thinking beside it and but the same factor is the social and environmental benefit. These are some other company's reasons of CSR reporting:
One company's intention:
This company wants to make stronger the corporate reputation of the company, to make continue the internal values of the company and to make sure that they are doing something good for the welfare of the society.
Second company's Intention:
This company treats CSR report as a pressure on the company that it compels the company to do better for the society. This company thinks that we are already doing a lot for the economy of the country but we have to do something for the country' people and its environment.
Third company's intention:
This company CEO said we are managing the social responsibility of the business and report the progress that have made in this prospect and reporting the progress of it motivates them to do better before first time and helps them to make better strategies and policies for CSR.
The Relation of Frederick's CSR series with our findings:
As we have mentioned above that Fredericks categorises CSR in three series. First is (CSR 1) which means that CSR report is issued by the companies because they are concern with the social and economic benefits of the society which he called
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